2025-05-13T09:34:54-05:00 2024-12-31 223008776 HAEFELE FLANAGAN & CO PC 1000 S LENOLA ROAD MAPLE SHADE NJ 08052 990 2024-01-01 232810092 WOMEN'S BUSINESS ENTERPRISE CENTER EAST WOME 2157909232 123 S BROAD STREET SUITE 500 PHILADELPHIA PA 19109 ELIZABETH WALSH PRESIDENT 2157909232 2025-04-23 1 1 CRISTOPHER A SEFRANSKY P01264313 8567225300 2024 2025-03-06 01:10:19Z ELIZABETH WALSH 123 S BROAD STREET SUITE 500 PHILADELPHIA PA 19109 2109041 0 X WWW.WBECEAST.COM X 1995 PA TO FOSTER THE DEVELOPMENT AND RETENTION OF SUCCESSFUL SMALL AND WOMEN-OWNED BUSINESSES. ALSO, TO FACILITATE THE RELATIONSHIP BETWEEN CORPORATIONS, GOVERNMENTS AND ENTREPRENEURIAL-OWNED BUSINESSES TO PROVIDE GROWTH AND SUSTAINABILITY. 8 8 17 8 0 0 454715 798023 571931 1258315 1000 8742 -37328 -28497 990318 2036583 13000 26000 0 0 501369 1166163 0 0 10041 360316 725332 874685 1917495 115633 119088 2384182 2194428 1150925 842083 1233257 1352345 X WBEC-EAST IS DEDICATED TO THE ECONOMIC EMPOWERMENT OF ENTREPRENEURS BY PROVIDING WORLD-CLASS ENTREPRENEURIAL TRAINING AND EDUCATION, AND THE TOOLS AND NETWORKING OPPORTUNITIES TO DEVELOP AND GROW SUCCESSFUL BUSINESSES. FORMED IN 1995, WBEC-EAST HAS FOSTERED AND DEVELOPED HUNDREDS OF BUSINESSES BY OFFERING A COMPREHENSIVE MENU OF ENTREPRENEURIAL EDUCATION, TRAINING, ACCESS TO CAPITAL AND CERTIFICATION. IN THE PAST YEAR ALONE WBEC-EAST HAS PROVIDED 250+ EDUCATIONAL AND NETWORKING OPPORTUNITIES TO 3000+ SMALL BUSINESS START-UPS AND OWNERS. WBEC-EAST SERVES A BROAD SPECTRUM OF ENTREPRENEURS FROM ALL BACKGROUNDS INCLUDING ASPIRING MICRO-ENTREPRENEURS TO OWNERS OF MULTI-GENERATION ESTABLISHED FAMILY-OWNED COMPANIES. 0 0 324622 54490 WBEC-EAST PROVIDES START UP, EMERGING AND ESTABLISHED ENTREPRENEURS' VIRTUAL EDUCATION AND IN-PERSON TRAINING WORKSHOPS. THESE EDUCATION AND TRAINING WORKSHOPS INCLUDE: MARKET RESEARCH, FINANCIAL ANALYSIS, BUSINESS PLANNING, BUSINESS COACHING ETC. 1193044 1007825 WBEC-EAST THROUGH ITS PARTNERSHIP WITH THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL ("WBENC") PROVIDES CERTIFICATIONS TO WOMEN-OWNED BUSINESSES. THESE CERTIFICATIONS ARE USED AS A MARKETING TOOL FOR EXPANDING A COMPANY'S VISIBILITY FOR SOURCING SOLUTIONS AND INTENTIONAL PROCUREMENT. 196000 WBEC-EAST PROVIDES AN OPPORTUNITY FOR CORPORATIONS AND GOVERNMENTAL ENTITIES TO SHOW THEIR SUPPORT FOR SMALL BUSINESSES. 26000 26000 WBEC-EAST SOLICITS FUNDS THAT ARE DEDICATED TO INTERNAL SCHOLARSHIP AND GRANTS. SCHOLARSHIPS AND GRANTS ARE ISSUED TO OFFSET FEES TO ATTEND VARIOUS ENTREPRENEURIAL TRAINING PROGRAMS FOR INDIVIDUALS STARTING OR GROWING THEIR BUSINESS. RECIPIENTS OF THESE FUNDS ARE ADVISED OF THE BENEFACTOR. 26000 26000 1543666 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 17 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X ELIZABETH WALSH PRESIDENT 2157909232 123 S BROAD STREET SUITE 500 PHILADELPHIA PA 19109 GEORGE EHRGOTT DIRECTOR 2.00 X 0 0 0 NANCY GUNZA CPA TREASURER 2.00 X X 0 0 0 CECILIA ISAACS-BLUNDIN CHAIR 2.00 X X 0 0 0 CYNTHIA FUNARO TOWERS ESQ VICE CHAIR 2.00 X X 0 0 0 VERNICE LEWIS DIRECTOR 2.00 X 0 0 0 LIV CARTER DIRECTOR 2.00 X 0 0 0 ALLEN RIDDICK DIRECTOR 2.00 X 0 0 0 DALE BUDDINE DIRECTOR 2.00 X 0 0 0 ELIZABETH WALSH PRESIDENT 40.00 X 207185 0 41765 207185 0 41765 1 0 1 0 CLIFTON LARSON ALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING AND HR CONSULTING SERVICES 279358 UNIT 1 PARTNERS LP CO SSH REAL ESTATE 123 SOUTH BROAD ST SUITE 850 PHILADELPHIA PA 19109 RENTAL 100135 2 111640 172500 513883 798023 CERTIFICATION FEES 611430 1007825 1007825 PARTNERSHIP DUES 611430 196000 196000 TRAINING FEES 611430 30832 30832 PROGRAM EVENT INCOME 611430 23658 23658 1258315 8742 8742 36961 111640 72458 -35497 -35497 CREDIT LOSS RECOVERY 900099 7000 7000 7000 2036583 1258315 0 -19755 26000 26000 211614 172969 37781 864 727115 594329 129818 2968 157496 135854 21642 69938 57874 12064 228742 188328 40414 139130 71001 68129 1599 1599 27970 16472 11498 42537 38444 2242 1851 123522 102576 20946 24332 22558 818 956 1128 1128 14766 12288 2478 9789 8111 1678 MERCHANT FEES 44500 40804 328 3368 PROGRAM MATERIALS 26803 26535 234 34 PROGRAM FOOD 13054 13054 0 0 EQUIPMENT LEASE AND MAI 11096 10255 841 0 16364 5086 11278 1917495 1543666 363788 10041 236099 334818 1014239 1014571 301216 125104 48037 56182 125580 84485 58243 41095 726348 622658 2384182 2194428 101031 121740 321455 76400 728439 643943 1150925 842083 X 1211052 1318110 22205 34235 1233257 1352345 2384182 2194428 119088 0 X X 0 1 X 1 0 X 1076463 887201 1166926 789587 1328144 5248321 916371 901753 970165 512955 1062315 4363559 1992834 1788954 2137091 1302542 2390459 9611880 0 0 0 9611880 1982 1353 1777 1000 8742 14854 1982 1353 1777 1000 8742 14854 1994816 1790307 2138868 1303542 2399201 9626734 0.99850 0.99880 0.00150 0.00120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125580 84485 41095 41095 SECURITY DEPOSIT 24563 OPERATING LEASE RIGHT-OF-USE ASSETS, NET 598095 622658 OPERATING LEASE LIABILITIES, CURRENT 90410 OPERATING LEASE LIABILITIES, NON-CURRENT 553533 643943 X 2399201 362618 362618 2036583 0 2036583 2280113 362618 362618 1917495 0 1917495 PART X, LINE 2: WBEC-EAST IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WBEC-EAST FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNITION, INTEREST, PENALTIES, AND DISCLOSURES REQUIRED. WBEC-EAST BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. WBEC-EAST'S FEDERAL EXEMPT ORGANIZATION INCOME TAX RETURNS (FORM 990) FOR 2021, 2022, AND FISCAL YEAR 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. NETWORKING DINNER 148601 111640 36961 48423 24035 148601 111640 36961 48423 24035 72458 -35497 1 SCHOLARSHIP GRANT 2 20000 PART I, LINE 2: THERE ARE SPECIFIC ELIGIBILITY REQUIREMENTS THAT AN APPLICANT MUST ADHERE TO IN ORDER TO SUBMIT AN APPLICATION FOR THE GRANT. A LIST OF ALLOCABLE EXPENSES IS PROVIDED IN THE GRANT DESCRIPTION FOR AN APPLICANT TO REVIEW AND INCLUDE IN A BUSINESS PLAN. A SELECTION COMMITTEE HAS BEEN CREATED THAT IS COMPRISED OF THE GRANTOR, THE WBEC-EAST BOARD, AND STAFF MEMBERS. THIS COMMITTEE REVIEWS ALL APPLICANTS AND UTILIZES A GRADING RUBRIC. ONCE AWARDED, THE FINAL RECEIPIENT IS REQUIRED TO SEND AN ACKNOWLEDGEMENT LETTER TO THE GRANTOR, SUBMIT A W9, ATTEND THE ANNUAL FUNDRAISER, AND SUBMIT RECEIPTS AS PROOF OF PURCHASE FOR THE ALLOCABLE EXPENSES WITH IN 120 DAYS OF RECEIPT OF GRANT FUNDS. 1 X X 0 0 0 0 0 0 0 0 0 ELIZABETH WALSH PRESIDENT 207185 0 0 0 0 0 12784 0 28981 0 248950 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS AND DISCUSSES THE COMPENSATION OF THE PRESIDENT ANNUALLY. CONSIDERATION IS GIVEN TO THE COMPENSATION OF CEOS AND/OR PRESIDENTS OF SIMILAR ORGANIZATIONS USING THE REPORTED EARNINGS IN THEIR FORM 990S AND OTHER PUBLICLY AVAILABLE SOURCES. THE EXECUTIVE COMMITTEE RECOMMENDS COMPENSATION ACTIONS TO THE FULL BOARD FOR APPROVAL ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND PRESIDENT REVIEW THE 990 TOGETHER TO VERIFY THE AMOUNTS REPORTED AGREE WITH THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FOR THE YEAR AND ALL QUESTIONS ARE ANSWERED ACCURATELY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION DISCUSSES ANY CONFLICT OF INTEREST UPON ADDING NEW BOARD MEMBERS AND DISCUSSES, ANNUALLY, TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS AND DISCUSSES THE COMPENSATION OF THE PRESIDENT ANNUALLY. CONSIDERATION IS GIVEN TO THE COMPENSATION OF CEOS AND/OR PRESIDENTS OF SIMILAR ORGANIZATIONS USING THE REPORTED EARNINGS IN THEIR FORM 990S AND OTHER PUBLICLY AVAILABLE SOURCES. THE EXECUTIVE COMMITTEE RECOMMENDS COMPENSATION ACTIONS TO THE FULL BOARD FOR APPROVAL ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990 PART 1 LINE 8 THE PRIOR-YEAR FORM 990 COVERED A SIX-MONTH PERIOD DUE TO A CHANGE IN THE ORGANIZATION'S ACCOUNTING PERIOD. WOMEN'S BUSINESS ENTERPRISE CENTER EAST PREVIOUSLY HAD A FISCAL YEAR ENDING JUNE 30 BUT TRANSITIONED TO A DECEMBER 31 YEAR-END. THIS CHANGE RESULTED IN A SHORT-YEAR RETURN TO ALIGN WITH THE NEW REPORTING PERIOD IN THE PRIOR-YEAR.